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Mar 14, 2013 4:00am PDT
, and that's a sure sign that the overall economy is doing the same, though it still has a long way to go. in fact, more homes could be sold this spring than in years. earl lee is president of prudential real estate affiliates. mr. lee, i know your company has done a little survey about all this. what did you find? > > one of the things we found was that home ownership is still a very important part of the american dream. in fact, 96% of our respondents replied it is a very essential part of what they are looking for in their lives. i think one of the reasons why that is really important is i think if we go back several years, there was a lot of information out there that we were going to become a nation of renters. and that obviously is not true based on our survey. > people certainly want to buy but economically, is buying a home still affordable? i know interest rates are down and so are home prices, but a lot of people aren't making as much money as they used to. > > that is true. i would say to you it depends on which sector. it also says that all real estate is local. clearly in m
Mar 15, 2013 4:00am PDT
this uptrend later today. > what is the stock market telling us about the economy? yesterday we had better-than- expected news coming from the labor market. jobs are being added. is that giving a boost to the market? > > you know, all signs point to that we are just in this low- volatility grind upward. i don't think the professional community - traders on the floor, brokers - really think that the economy is on solid footing yet. but, boy, if it does, if we do see a turnaround and gdp does start to pick up, who knows what then? > aren't you one of those traders who is seeing a rotation out of apple and into google? > > yeah. you know what, it is very interesting, because for about the last two weeks or so now, we have seen apple really hold major support at $425 - $420, $425. major support. and now maybe google is a little bit tired. so, where the people that had the flip side of that just two or three months ago, out of apple, into google, you are starting to see that rotation come to play now. > pleasure to have you on the show. thank you scott. > > take care angie. a former jp morgan e
Mar 13, 2013 4:00am PDT
economy. "to me it makes more sense if i'm strapped for cash to get the standard model, not the hybrid, 'cause for me it would take a very long time to pay off the hybrid just on gas." the average age of a vehicle has reached 11 years old, according to polk, an automotive research firm; and as consumers see washington's wrangling over spending cuts, the uncertainty of what's ahead keeps some away from the showroom. but others are coming through the door ready to upgrade. "buying a vehicle in the future, it probably won't change anything for me. my only concern is probably gas prices." "a lot of people do need new cars despite what happens in washington. people still need to replace their cars." reporting for first business news, i'm ky sisson. still ahead, as gold futures hover around $1,600 an ounce, a stock play in the gold sector that is around $38 is coming up in chart talk. in chart talk this morning we are taking a closer look at gold in the charts. and alan knuckman of optionshop joins us with that. good morning to you alan. as the stock market has been rising, gold futures have
Mar 18, 2013 4:00am PDT
problem, because as the economy slows down, as long as the national recession lasts, it makes it harder and harder for municipal governments to balance their budget. > a lot of municipalities count on federal dollars that flow coming, and that is drying up too. so they are under stress. > > right. and that is why washington is important to everyone. it might seem like the sequestration is a problem in washington, but that money does come down to the states either through block grants or for transportation grants, and that money has to get squeezed out at the capital level, and it is going to be harder. the driver will be how long is the recession going to last, and how deep is it going to be? > if these cities you talked about and a couple of counties are basket cases, how are other cities that are having real stress problems dealing with it, because their big-budget item is what? employees. > > employees. right. so municipal government is a service enterprise, and when you have a service enterprise - police, fire, pave the roads, whatever it is - that implies employees, and when your l
Search Results 0 to 3 of about 4